Roth Capital Has Pessimistic Outlook of RNW FY2026 Earnings

ReNew Energy Global PLC (NASDAQ:RNW) – Investment analysts at Roth Capital lowered their FY2026 earnings per share estimates for ReNew Energy Global in a note issued to investors on Monday, November 10th. Roth Capital analyst J. Clare now anticipates that the company will post earnings per share of $0.18 for the year, down from their prior forecast of $0.26. The consensus estimate for ReNew Energy Global’s current full-year earnings is $0.15 per share. Roth Capital also issued estimates for ReNew Energy Global’s FY2027 earnings at $0.30 EPS.

Separately, Mizuho set a $8.15 target price on shares of ReNew Energy Global and gave the stock a “neutral” rating in a research note on Wednesday, October 29th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $7.83.

ReNew Energy Global Stock Down 1.1%

Shares of ReNew Energy Global stock traded down $0.09 on Wednesday, hitting $7.32. The company had a trading volume of 12,376 shares, compared to its average volume of 1,007,094. The stock has a 50-day moving average of $7.71 and a 200-day moving average of $7.34. The company has a debt-to-equity ratio of 4.42, a current ratio of 0.77 and a quick ratio of 0.73. ReNew Energy Global has a twelve month low of $5.18 and a twelve month high of $8.24. The firm has a market capitalization of $2.65 billion, a P/E ratio of 23.61 and a beta of 0.89.

ReNew Energy Global (NASDAQ:RNW) last posted its earnings results on Monday, November 10th. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.04). The business had revenue of $433.94 million for the quarter, compared to the consensus estimate of $403.19 million. ReNew Energy Global had a return on equity of 7.97% and a net margin of 5.37%.

Institutional Trading of ReNew Energy Global

A number of large investors have recently added to or reduced their stakes in the company. Quantbot Technologies LP acquired a new position in shares of ReNew Energy Global during the 2nd quarter worth about $29,000. Evergreen Capital Management LLC bought a new position in shares of ReNew Energy Global during the 2nd quarter worth approximately $74,000. Parallel Advisors LLC increased its holdings in shares of ReNew Energy Global by 766.0% during the 2nd quarter. Parallel Advisors LLC now owns 11,041 shares of the company’s stock worth $76,000 after acquiring an additional 9,766 shares during the last quarter. Abacus Wealth Partners LLC bought a new stake in ReNew Energy Global in the 2nd quarter valued at $85,000. Finally, Tidal Investments LLC raised its stake in ReNew Energy Global by 15.4% in the 2nd quarter. Tidal Investments LLC now owns 13,153 shares of the company’s stock valued at $91,000 after acquiring an additional 1,752 shares during the period. Institutional investors and hedge funds own 43.56% of the company’s stock.

About ReNew Energy Global

ReNew Energy Global Plc generates power through non-conventional and renewable energy sources in India. The company operates through two segments: Wind Power and Solar Power. It develops, builds, owns, and operates utility scale wind and solar energy, hydro energy, and utility-scale firm power projects, as well as distributed solar energy projects that generate energy for commercial and industrial customers.